Are oil inventories really shrinking?

by | December 20, 2017 12:47 am

The Organisation of Petroleum Exporting Countries (OPEC) recently said that the global surplus in oil inventories dropped to 130 million barrels above the five-year average in November, down sharply from 154 million barrels the month before. Mohammad Barkindo said that we are beginning to see a return to stable markets, something that has eluded the…

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